General: Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Banking services provided by Cash App’s bank partner(s). See cash.app for more details.
Cash App Card: Prepaid debit cards issued by Sutton Bank, Member FDIC. See Terms and Conditions.
Savings: Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. To earn the highest interest rate on your Cash App savings balance, you need to be 18 or older, have a Cash App Card, and deposit at least $300 monthly into Cash App. Sponsored Accounts are not eligible to earn interest. Other exceptions may also apply. Savings yield rate is subject to change.
Overdraft coverage: No fee overdraft coverage of up to $200 for Cash App Card transactions is available when you deposit at least $300 monthly into Cash App. Eligibility requirements apply, see terms for details.
FDIC insurance: If you have a Cash App Card or a Sponsored Account, your Cash balance is eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met.
Cash App is a financial services platform, and not an FDIC-insured bank. Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions.
If you don't have a Cash App Card, a sponsored account, or sponsor an account, your Cash App and savings balances are not deposit products and therefore are not protected by FDIC pass-through insurance.
Sponsoring a teen: To view the eligibility requirements for sponsoring a teen, please visit the Sponsored Accounts section of the Cash App Terms of Service.
Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand.
Referrals:
The following excerpt is from the Cash App Terms of Service. Any defined terms used in the following excerpt and not otherwise defined on this page shall have the same meanings as provided in the Terms of Service: From time to time, we may offer referral programs or incentives for inviting others to use the Service (a “Referral Program”). Any bonuses or incentives under such Referral Program shall be subject to the then current Referral Program terms, if applicable, and otherwise at our sole discretion.
For you to claim your referral bonus, you must be new to Cash App and complete the below steps. If you are between ages 13-17, you will need a parent or guardian to sponsor you.
To each receive the bonus, you should:
Download Cash App and enter the unique referral code you received from your favorite creator.
Link a new debit card or bank account to your Cash App account, and keep a debit card or bank account linked until the referral bonus is paid. If you're within ages 13-17, you can also order and activate a Cash App Card (with a parent or guardian as your sponsor).
Send $5 within 14 days of using the referral code to a Cash App account that is not linked to you. Please note: A sponsor and their sponsored account cannot receive a bonus for inviting each other.
Questions? Contact Cash App at https://cash.app/help